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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Elliptic identifies the movement of illicit funds from the $35 million Atomic Wallet breach to Sinbad.io, a crypto mixer with ties to North Korea’s Lazarus Group. Blockchain compliance firm Elliptic has discovered that the funds stolen in
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A possible explanation might be increasing regulatory attention to the crypto hacks and a number of high-profile enforcement cases, TRM Labs suggests. First of all, crypto exchanges are ramping up their KYC/AML policies, making it harder to cash out stolen coins. At the same time, the ETH mixing protocol Tornado
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A new scam as a service called “Inferno Drainer” has reportedly stolen nearly $6 million from unsuspecting crypto users, according to Web3 scam detecting firm Scam Sniffer. Inferno Drainer reportedly advertises that it provides ready-to-go code to scammers, allowing them to steal crypto in exchange for a 20% cut of
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The process of recovering stolen Bitcoin (BTC) from cryptocurrency scams is difficult and complex. The prevalence of cryptocurrencies has led to an increase in scams and other fraudulent practices that prey on the gullible. Numerous people have suffered significant financial losses as a result of falling for different crypto scams,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A scammer stole around $15 million worth of cryptocurrencies after cloning the user interface of HitBTC, a popular Hong Kong-based crypto exchange. Scammers make off with $15 million According to SlowMist, a crypto compliance expert, this scam has
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Over $6m worth of DEI, a stablecoin of the DEUS decentralized finance (DeFi) protocol, DEI, was stolen in a hack, the latest details on May 6 show. The exploit led to a loss of more than
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Smart contract auditor CertiK claims to have blocked $160,000 from Merlin, a zk-Sync-based decentralized exchange (DEX) which has been the center of a rogue insider "rugpull" that lost users $1.8 million last week.CertiK shared the news of its successful $160,000 freeze of the stolen funds in an update to its
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Data from Google Ads coupled with blockchain analytics reveals that over $4 million has been stolen from users that have fallen for malicious phishing websites promoted on Google.According to Web3 anti-scam service provider ScamSniffer, malicious adverts for phishing websites have been prevalent on Google ads searches in recent weeks. The
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.This week in DeFi saw the hacker behind the $8.9 million SafeMoon exploit agree to return the majority of the stolen funds. According
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The attacker who drained $8.9 million of Binance Coin (BNB) from SafeMoon has agreed to return 80% of the funds, according to an April 18 blockchain message from the SafeMoon team.Breaking News: #SafeMoon has struck a deal with the “hacker”80% LP return imminent. 20% bounty for “hacker”And no charges pressedNow,
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